deadline.com –
Shares are down in pre-market trading as investors sort through the consumer electronics giant’s latest earnings, and an ambitious plan to focus on mobile phone sales as it cuts total retail space. Best Buy says it will close 50 of its big box stores in the U.S. in the fiscal year that ends in February and remodel others to emphasise phone, video, and broadband services.

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Best Buy Closing 50 Big Box Stores; Locations Not Yet Given
"As part of our multi-channel strategy, we intend to strengthen our portfolio of store formats and footprints -- closing ... Stores are remodeled big box stores that focus on connections (1), services and multi-channel experience through a total ...